Latest Forum Topics / CapitaMalls Asia | Post Reply |
First Day trading open at $2.30
|
|||||
WanSiTong
Master |
23-Jul-2013 17:41
|
||||
x 0
x 0 Alert Admin |
 
|
||||
Useful To Me Not Useful To Me | |||||
guoyanyunyan
Elite |
18-Jul-2013 09:01
Yells: "uncertainty always exist" |
||||
x 0
x 0 Alert Admin |
...Married Deal:  Vol: 1,311  Value: $2,500,077  ie $1.907 /share   Prev Close: $1.905... | ||||
Useful To Me Not Useful To Me | |||||
|
|||||
WanSiTong
Master |
16-Jul-2013 10:37
|
||||
x 0
x 0 Alert Admin |
 
|
||||
Useful To Me Not Useful To Me | |||||
guoyanyunyan
Elite |
16-Jul-2013 10:31
Yells: "uncertainty always exist" |
||||
x 0
x 0 Alert Admin |
CapitaMalls Asia puts in winning bid of $357mil for Beijing mall CapitaMalls Asia has won a bid to acquire Grand Canyon Mall in Beijing, China for RMB 1.74 billion ($356.6 million). CapitaRetail China Trust, a real estate investment trust under CapitaMalls Asia, will acquire the mall as part of an existing agreement between the two entities. |
||||
Useful To Me Not Useful To Me | |||||
guoyanyunyan
Elite |
16-Jul-2013 08:48
Yells: "uncertainty always exist" |
||||
x 0
x 0 Alert Admin |
...Married Deal:  Vol: 848  Value: $1,652,364  ie $1.9485 /share   Prev Close: $1.945...     ...recent low: $1.710 (25 June) ... on uptrend since then .... |
||||
Useful To Me Not Useful To Me | |||||
|
|||||
WanSiTong
Master |
04-Jul-2013 11:59
|
||||
x 0
x 0 Alert Admin |
compare the price with GLC, you will get the answer !!?
|
||||
Useful To Me Not Useful To Me | |||||
dicksonh
Veteran |
04-Jul-2013 11:39
|
||||
x 0
x 0 Alert Admin |
wow what's with the spike up?  |
||||
Useful To Me Not Useful To Me | |||||
WanSiTong
Master |
04-Jul-2013 11:37
|
||||
x 0
x 0 Alert Admin |
CMA ( 1.88) vs GLP (2.85)
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
CitizenBeng
Member |
02-Jul-2013 17:31
|
||||
x 0
x 0 Alert Admin |
Chinese Malls Waive Rents as Vacancies Loom: Real EstateBy Jul 2, 2013
- Chinese landlords are forgoing rent and paying to
outfit stores for mass-market fashion brands including Zara and H& M, a
bid to blunt the impact of a boom in shopping-mall construction that threatens
to push up vacancies.
Consumer demand is cooling as China’s economy slows and President Xi Jinping reins in lavish spending by officials. Big mall operators, including China Resources Land Ltd. (1109) and Hang Lung Properties Ltd. (101), can withstand the slowdown at the expense of smaller ones such as Golden Eagle Retail Group Ltd. (3308), according to Credit Suisse Group AG and Haitong International Securities Ltd. Landlords focused on lower-tier markets will be under more pressure as smaller cities add retail space at a faster rate than larger ones. “Competition in China’s commercial property market is very fierce, especially at those new malls at non-central locations in second- and third-tier cities,” said Carrie Liu, Shanghai-based general manager for development at Shui On Development Ltd., a subsidiary of Shui On Land Ltd (272). The company, which built the city’s Xintiandi restaurant, bar and retail district, has never offered subsidies such as free rents, Liu said. Mall BuildingChinese developers built more malls and expanded into smaller cities as consumer spending and incomes grew, elevating China’s economy to the largest in the world after the U.S. Half of the 32 million square meters (344 million square feet) of shopping centers under construction around the world are in China, according to CBRE Group Inc. (CBG) About 21 million square meters of retail space is expected to be completed by next year, a 38 percent increase in supply, according to broker Cushman, which tracks 20 cities in China. That’s setting up a test for developers as retailers including LVMH Moet Hennessy Louis Vuitton SA (MC) and Gucci-owner Kering SA (PP) respond to slowing growth by scaling back expansion plans in the world’s most populous country. Second-tier cities, including Chengdu,
Shenyang, Hangzhou and Qingdao, may be stuck with the highest vacancy rates in
2014, according to Cushman. The financial hub of Shanghai, the
capital Beijing and the southern industrial cities of Guangzhou and Shenzhen are
considered the first-tier cities.
Large Developers“The problem we see today in China is that there’s really no proper planning,” Sigrid Zialcita, Singapore-based managing director for Asia-Pacific research at Cushman, said in a phone interview. “There are really a number of cities prone to having periods of oversupply.” Mall space in China’s four major cities will grow about 40 percent by the end of 2015, while in 16 smaller cities it will double in the period, according to Steven McCord, China retail research director at property brokerage Jones Lang LaSalle Inc. (JLL) Developers of some new malls may struggle to reach even 70 percent occupancy, forcing delays in opening, said Michael Zhang, executive director and co-founder of Beijing-based RET Property Consultancy. Best PositionedIn developed markets such as Hong Kong and Singapore,
vacancy rates are between 6 percent and 7 percent because of a shortage of
supply, according to Cushman.
Hong Kong-based China Resources Land has the best
mall locations and highest internal rate of return on its mature malls at about
20 percent, among five major operators from outside the mainland, including Hang
Lung and CapitaMalls
Asia Ltd (CMA)., according to Credit Suisse. It rates state-owned China
Resources Land outperform with a 12-month price target at HK$29.80. The stock
closed at HK$21.20, up 4.2 percent, in Hong Kong on
June 28.
Hang LungHang Lung, based in Hong Kong, is investing more than $8.5 billion building malls in China, a bet by Chairman Ronnie Chan on an expanding middle class. Fifteen of 23 analysts recommend buying the stock, according to data compiled by Bloomberg. Elisa Fong, assistant manager of Hang Lung’s corporate communications, declined to comment. Brokerage Maybank Kim Eng raised its earnings forecast for CapitaMalls Asia for the fiscal years 2013 to 2015 by 5 percent to 10 percent, and reiterated a buy recommendation in an April report, with a 12-month price target of S$2.57. The developer closed at S$1.795 yesterday. The Singapore-based company will continue to look for opportunities and expand in China to “leverage its market leadership,” analyst Wilson Liew wrote. CapitaMalls Asia, the retail property unit of Southeast
Asia’s largest developer, has 49 shopping centers in China. It opened a mall in Chengdu on April 28 with 90 percent
occupancy, according to an earnings presentation April 25.
Under PressureIn contrast, Haitong Securities downgraded China’s
department-store industry last year. Golden Eagle (3308)was the least favored to weather a boom in
mall space because it’s “very conservative” in terms of its operation, said
Elyse Wang, a Shenzhen-based analyst at Haitong who covers six Chinese
department stores.
Empty MallsAt GuocoLand Ltd.’s Guoson Center, across from Shanghai’s Changfeng Park, about 13 kilometers (8 miles) from the historic Bund, most shops are boarded up. A few stores are scattered on the first floor of the four-story mall that houses a KFC fried-chicken outlet and a BMW car dealership. The upper floors are largely vacant. The Tasty Cafe has the only rented space on the third floor. Most staff were taking a break at dinner time on a recent visit. GuocoLand, which gets almost a third of its revenue from China, opened the mall in 2010 as part of a development that includes offices, serviced apartments and a five-star hotel in the city’s west, according to the Singapore-based developer’s website. The mall has an occupancy rate of only 40 percent to 45 percent because it was not planned or designed properly, Benjamin Han, who took over as managing director of GuocoLand’s unit in Shanghai six months ago, said in an interview. Bund SquareThe developer has started remodeling the mall to reposition it, including removing at least 10 tenants that don’t fit in, Han, an architect, said. The company plans to have the work completed in the next 12 months, he added. “The reason why the mall is doing so badly is that it was so badly conceived,” he said. At Bund Square, an outdoor mall operated by Shanghai Greenland Group Co. that opened at the southwestern end of the Bund last year, about half of the stores are occupied, including a Nike outlet. Empty shops are covered with boards featuring pictures of champagne glasses and slogans promoting a luxurious lifestyle. Some fourth-floor shops are still under renovation. Though some stores are under renovation, they have been rented out, Shanghai Greenland spokesman Wang Xiaodong said in a phone interview. He declined to give the mall’s vacancy rate. Collecting RentWorsening the problem, economic growth is
weakening. The International Monetary Fund in May lowered its forecasts for
China’s growth this year after a slowdown in the first quarter.
Retail rents in the four major cities fell 6.2
percent to 2,090 yuan ($341) per square meter a month in the first quarter
from the previous one, while in second-tier cities they declined 6.3 percent to
994 yuan per square meter, according to Cushman.
Deal SpecificLuxury brands such as Louis
Vuitton or Gucci could receive about 25 million yuan ($4 million) in fees
toward fitouts when they lease a 500-square-meter store, while fashion brands
such as Sweden’s Hennes & Mauritz AB (HMB) and Spain’s Inditex SA (ITX)’s
Zara typically get 5 million yuan to 15 million yuan in such fees, according to
a Shanghai-based property adviser who has acted as a broker for retailers and
asked for anonymity because he is divulging industry secrets.
Developers offering to help build storefronts or
offer free rents are not uncommon in China, according to Piaget, owned by Cie. Financiere Richemont
SA (CFR).
|
||||
Useful To Me Not Useful To Me | |||||
steadylar
Veteran |
01-Jul-2013 00:23
|
||||
x 0
x 0 Alert Admin |
Capland and CMA are among the 20 blue chip stocks on OCBC's BLUE CHIPs INVESTMENT PLAN. Hope that will give some support to these 2 stocks.   |
||||
Useful To Me Not Useful To Me | |||||
WanSiTong
Master |
28-Jun-2013 13:03
|
||||
x 0
x 0 Alert Admin |
CMA (1.825)  ah! when you will fly with color like GLP (2.73)!?? | ||||
Useful To Me Not Useful To Me | |||||
WanSiTong
Master |
26-Jun-2013 15:52
|
||||
x 0
x 0 Alert Admin |
This counter drop more than 20% from its recent high of $ 2.26 Last done : $  1.775 Singapore index up property, shopping mall stocks lead: Reuters
Singapore shares rose for the second day in a row, led by property and shopping mall stocks after a few brokers issued positive reports on the companies. ... The Straits Times Index was up 0.5 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan was 1.1 percent higher. Shares of shopping mall owners CapitaMall Trust and CapitaMalls Asia Ltd rose as much as 3.1 percent and 2.6 percent, respectively. Maybank Kim Eng said shopper traffic at CapitaMall Trust's malls in Singapore's western area of Jurong remains " healthy" despite the recent opening of a potential competitor, Lend Lease's Jem mall. The broker maintained its " buy" rating and S$2.45 target price on the stock. Citigroup said it continues to prefer developers to real estate investment trusts. It favours developers with a more diversified sector or geographical exposure, picking CapitaLand Ltd, CapitaMalls Asia and Hongkong Land Holdings Ltd. |
||||
Useful To Me Not Useful To Me | |||||
|
|||||
phil1314
Senior |
21-May-2013 11:33
|
||||
x 0
x 0 Alert Admin |
Pull back today
Breakout failed Try again Just like Candy Crush
|
||||
Useful To Me Not Useful To Me | |||||
WanSiTong
Master |
21-May-2013 08:49
|
||||
x 0
x 0 Alert Admin |
Time: 4:58PM Exchange: SGX Stock: CapMallsAsia(JS8) Signal: Resistance - Breakout with High Volume Last Done: $2.07
|
||||
Useful To Me Not Useful To Me | |||||
inference
Member |
20-May-2013 18:06
|
||||
x 0
x 0 Alert Admin |
Can go higher? | ||||
Useful To Me Not Useful To Me | |||||
WanSiTong
Master |
20-May-2013 14:13
|
||||
x 0
x 0 Alert Admin |
Last done : $ 2.09  | ||||
Useful To Me Not Useful To Me | |||||
phil1314
Senior |
07-May-2013 13:12
|
||||
x 0
x 0 Alert Admin |
Strong support at present level or waiting for breakout?
Volume seem building up! Any opinion?
|
||||
Useful To Me Not Useful To Me | |||||
WanSiTong
Master |
26-Apr-2013 09:45
|
||||
x 0
x 0 Alert Admin |
 
|
||||
Useful To Me Not Useful To Me | |||||
guoyanyunyan
Elite |
26-Apr-2013 08:47
Yells: "uncertainty always exist" |
||||
x 0
x 0 Alert Admin |
CapitaMalls Asia: Sharp execution bearing fruit CMA’s 1Q13 PATMI came in at S$73.2m – up 9.6% YoY mostly due to contributions from Star Vista, four malls in Japan and Queensbay Mall, a S$6.6m gain from warehousing of two assets sold to CCDFII, better performance from CMT, ION Orchard and the China Funds, and a sale at The Orchard Residences. Excluding one-time items, we judge 1Q13 results to be somewhat above expectations. Given the H7N9 bird flu outbreak, shopper traffic for CMA’s Chinese malls showed a decrease of -0.9% YoY. On a same mall basis, however, tenant sales were up +15.9% YoY. We see worsening H7N9 fears potentially reducing retail traffic over the nearer term but a sustained long-term business impact, in our view, is unlikely. Maintain BUY with an unchanged fair value estimate of S$2.55. ...Prev Close: $2.04... |
||||
Useful To Me Not Useful To Me | |||||
guoyanyunyan
Elite |
25-Apr-2013 10:34
Yells: "uncertainty always exist" |
||||
x 0
x 0 Alert Admin |
Shopping mall owner and developer  CapitaMalls Asia  said first quarter net profit rose 9.6% to $73.2 million from a year earlier, citing higher revenue from new projects in Singapore and China. ...Last Done: $1.99... |
||||
Useful To Me Not Useful To Me |